Revolut is at risk of losing its European banking licenses

Questions about its alleged ties to the Kremlin may see Revolut lose its coveted European banking license. Yet this ostensibly wise decision may be Revolut’s undoing, or more, the company’s alleged Russian ties which are running afoul of the Lithuanian parliament may be. The Lithuanian government has accused Revolut of having Kremlin ties before, which reached boiling point when it was reported that the company would be moving all of its servers to Russia.

Source: www.siliconrepublic.com